What are the tangible and intangible depreciation of a car?

[BrynleeMarie]

The definitions of tangible and intangible depreciation of a car are as follows: 1. Tangible depreciation: The tangible depreciation of a car refers to the value loss of the vehicle entity caused by physical and chemical reasons, i.e., the action of natural forces, during the storage and use of the car. Tangible depreciation includes tire wear, paint fading, interior aging, inevitable scratches and dents, and electrical component wear. 2. Intangible depreciation: The intangible depreciation of a car refers to the value loss and depreciation of the original vehicle due to technological advancements, which reduce the cost of manufacturing vehicles with the same structure or introduce models with better performance and higher efficiency. Intangible depreciation includes normal engine wear, bearing wear, wear of all parts during normal driving, and mileage depreciation.